- Search Metals Mine
After today's inflation data we noted the subdued bullish reaction from AUD bulls and now on guard for bears to take back control. As we await post-Brexit data from Europe this week, we suspect only mediocre data from the area is required to send ...
Since the intraday break below 1.092 and prompt reversal AUDNZD has rallied over 420 pips in four sessions, suggesting the 1.0893 low was the end of an ABC correction. We cannot yet rule out another leg or two lower (to form a Double Zig Zag or ...
Yesterday's close provides several clues which makes me suspect a downside break of 1.5464 is pending. The open to close (OC) range engulfed the previous OC range, produced a 10-day intraday low and closed at an 8 day low. The fact it also closed ...
Whilst I suspect Euro is headed towards the multi-year lows I do not expect it to be the one-way bet, straight affair. Bounces can be expected which could provide decent areas of resistance to consider fading into. Having finished on Friday at the ...
Tomorrow could provide an exciting Asia session, assuming volatility is your thing, as RBNZ provide their OCR decision and AUD traders eagerly await employment figures. Over the past five weeks the currency pair has exhibited four indecisive ...
WTI appears set to re-test the annual highs of $63.25, assuming it can take advantage of USD weakness and the pending OPEC meeting. We did indeed see the swing low at 56.65 support, with the low producing a Bullish Hammer on D1. The gains since this ...
The Aussie goes into tonight's 'Nylon' session firmly on the back foot where US GDP gets the final say for the week. Wednesday's 4-week high required three data sets to break it above 0.748 resistance. The fact it toppled over on the back of US ...
With weaker oil, soft manufacturing data for Canada and inflows to JPY with Euro uncertainties then CADJPY is an ideal shorting candidate. Technically CADJPY may offer a decent opportunity to get short with several areas of resistance to consider ...
ThinkForex, a global leader in foreign exchange (‘forex’, ‘FX’), metals and CFD trading, have just been approved by the Financial Conduct Authority (FCA) and have hired a strong Management team both in London and Australia. ThinkForex are now ...